207. Elliott Parker — Driving Growth and Innovation Through Co-Creation of Advantaged Startups

Season 7 Episode 8: In this episode, Pete Codella, managing director of business services at the Governor's Office of Economic Opportunity, talks with Elliott Parker, CEO of High Alpha Innovation. Parker discusses his extensive experience in corporate innovation and startups, sharing his career trajectory, from working in corporate venture capital and launching multiple businesses. He highlights the challenges large corporations face in innovation, noting their optimization for efficiency over breakthrough advancements. Parker explains how High Alpha Innovation partners with corporations to build advantaged startups that leverage existing industry networks, offering examples from ag-tech, healthcare, and supply chain industries. He emphasizes the importance of resilience in modern business structures, particularly in supply chains, and underscores the role of startups in fostering innovation within large enterprises.  Parker delves into his organization's collaboration with universities to foster entrepreneurship by aligning industry needs with academic resources, citing partnerships with institutions like Notre Dame. He reflects on the evolving startup landscape, noting the impact of AI and the changing economics of company formation. Parker also highlights Utah's thriving entrepreneurial ecosystem and the state's ambitious goal to increase startups by 150%. He emphasizes the importance of action in venture building, asserting that "action creates data" and enables businesses to uncover valuable insights.